Ganga and Jamuna are partners sharing profits in the ratio of 2:1. They admit Saraswati for 1/5th share…

Class 12th Accountancy , Question - Ganga and Jamuna are partners sharing profits in the ratio of 2:1. They admit Sarasvati for 1/5th share in future profits. On the date of admission, Ganga’s capital was ₹ 1,02,000 and Jamun's capital was ₹ 73,000. Sarasvati brings ₹ 25,000 as her share of goodwill and she agrees to contribute proportionate capital of the new firm. How much capital will be brought by Sarasvati?

By
Rohit Sharma
-
Accountancy

These are the options for the Question : Ganga and Jamuna are partners sharing profits in the ratio of 2:1. They admit
Sarasvati for 1/5th share in future profits. On the date of admission, Ganga’s capital was ₹ 1,02,000 and Jamun’s capital was ₹ 73,000. Sarasvati brings ₹ 25,000 as her share of goodwill and she agrees to contribute proportionate capital of the new firm. How much capital will be brought by Sarasvati?

a) ₹ 43,750
b) ₹ 37,500
c) ₹ 50,000
d) ₹ 40,000

 

The correct answer is –  c) ₹ 50,000 1

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